EUR/USD jumped almost 70 pips from the low of 1.18290 and trading near 3- week high. The pair was trading flat as Catalonia votes. US Senate passed the major tax reform yesterday and Donald Trump will sign tax bill to la…
EUR/USD jumped almost 70 pips from the low of 1.18290 and trading near 3- week high. The pair was trading flat as Catalonia votes. US Senate passed the major tax reform yesterday and Donald Trump will sign tax bill to law. The pair jumped till 1.19018 yesterday and is currently trading around 1.18665.
Catalonia voting have started with separatist versus unionist running neck to neck. The first exit poll are expected around 19.00 GMT. Market awaits US GDP, Philly fed manufacturing and jobless claim data to be released for further direction.
Technically, the pair is facing strong resistance at 1.19612 (Nov 27th 2017 high) and any minor bullishness can be seen only above that level. Any convincing break above 1.19612 will take the pair to next level till 1.2000/1.2090.
On the lower side, major support is around 1.1800 and any break below will drag the pair to next level till 1.1745/1.1700. The minor support is around 1.1835.
It is good to buy on dips around 1.1865-70 with SL around 1.1800 for the TP of 1.1960/1.200.
